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Sweden developer plans 260-megawatt solar project in South Africa

August 16, 2022

ReNews.biz:

Swedish renewables developer Magnora has secured environmental authorisation for a 260MW solar project it is developing in South Africa.

The authorisation signifies that the project has the majority and most important permits in place, said Magnora.

The solar PV project also allows for the construction of a co-located utility scale battery storage facility.

The project is located in an area with extremely good solar radiation, with an expected yearly output in the excess of 2300 kilowatt hours/kW, which is more than double the output ratio of the best sites in the Nordics.

In February 2021, Magnora made its entry into the South African renewables market through the acquisition of an 850MW project portfolio.

The developer further strengthened the investment by acquiring 92% of the renewable project development company African Green Ventures (AGV) in February 2022.

The portfolio of projects under active development currently consists of approximately 1.8GW in South Africa.

"We are very pleased with our development in South Africa and see great interest from potential buyers in the market for mature projects.

[Staff Report]

More: Magnora secures permit nod for 260MW S Africa solar project

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